I received a call April 24th from the Funding Manager of a European Trust Fund who startled me with his funding ability:
If you have 2.5% of your project value in cash he can leverage 10:1 and close your loan in 45 business days. Rates are at Prime +3% (P+3).
The minimum transaction size is $20m which means that you need $2m to play. The processing fee is $1500. Our business consultancy fee is 1% per project capped at $25,000 for one project, $100,000 for four or more projects. You will have access to me by phone or email. You will have a six-month subscription to our www.joetufo.com/blog site when you pay our fee.
This is a non-recourse loan with a 5-year call so you will need to bear that in mind. You will need to be able to be able to prove assets with a sanitized copy of a bank statement or brokerage account. The Program Manager charges 5 points and pays us 1/4 to 1/2 point per transaction.
If you decide to move forward here’s what you need to do:
1. Complete and sign the CFSI fee agreement (first attachment) and either fax to 206-984-2853 or scan and email to email@example.com
2. Complete and sign the Mutual NCND (second attachment and either fax to 206-984-2853 or scan and email to firstname.lastname@example.org
3. Send an Executive Summary (if you don’t have a concise document you may order from
http://joetufo.com/consulting/summary.php It should not exceed four pages) along with your sanitized proof of funds.
4. Wire or Direct Deposit 1% maximum $25,000 one project, $100,000 four or more projects (fully earned and non-refundable) to our Bank of America account (call and I’ll email the coordinates) and either fax the receipt to 206-984-2853 or scan and email to email@example.com
When we receive these four items we will email you the loan package that you will complete and scan and email to firstname.lastname@example.org Once we have your completed loan package we will schedule a conference call and personally introduce you to the Program Manager.
As always we are here to serve you and those whom you choose to refer.